Marg Techno Projects Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/09/2025 ,inter alia, to consider and approve Board Meeting
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Awaiting price reaction for this filing.
Marg Techno Projects has informed BSE about the outcome of a Board Meeting held by circulation on 11th September 2025. The Board approved the proposed allotment of 42,00,000 (42 lakh) equity shares to 10 specific allottees, comprising 6 non-promoters and 4 promoters. The allottees include Akhil Nair (Managing Director, 10 lakh shares), Arun Madhavan Nair (10 lakh), Madhavan Kakkat Nair (5 lakh), and others. The filing also mentions that a corrigendum and addendum will be issued to the 32nd AGM Notice to correct details on allottees, number of shares, and pre/post shareholding patterns. A follow-up Board Meeting is scheduled for 16th September 2025 to finalise the revised AGM Notice.
Shareholders should expect dilution from the 42 lakh new equity shares being allotted and should review the upcoming corrigendum to the 32nd AGM Notice for corrected allotment and shareholding details. This is a corporate action update with no immediate price-moving signal beyond the disclosed allotment.